Need to read this page in Spanish using Google translate CLICK HERE- Haga clic en este enlace para ver esta página web en español
Congratulations, You've taken first step in buying a home. If you have previously tried, but haven't been able to own, due to any of reasons;
no credit, bad credit, no social, itin, legal status, foreigner, self employed, not declaring enough income in income taxes, evictions, foreclosure
bankruptcy, divorce, alimony, section 8, get welfare, my X did it to me story, you are a dancer, make cash income, don't like to deal with banks,
Whatever the reason, there are alternative ways you can still make your dream come true. What it takes is someone special, who knows the
system and can help you navigate it carefully so you don't run into walls, that's it. That is Me, kind of like your GPS in the financial world.
You already know renting - Your Landlord buys a house, rents it to you, you pay off his house by making his mortgage payments with your RENT.
That's ODD, you say, If I'm paying off his house, why can't I OWN a house myself and pay it off in about 10 years, Then LIVE RENT FREE for LIFE!
SURE YOU CAN - 70% people understand that, they did what they had to in order to SAVE for Down payment, now own their homes, You can too?
If you rent a good house (not a cheap shity apartment) in a desirable and safe area of town with good schools, and community resources, You
will pay $1400 to $1700 in rent per month in DFW. That's $20,000 a year. That's $225,000 wasted in 10 years if you account for rent increases.
what you got to show, for all that hard earned money you paid, NOTHING! Owner want the house back, you are out of there with a 30 day notice.
What's Sad is, you people do it again and again, every year. STOP this insanity, there is a better way, JUST OWN IT. I can help you with that.
Not just that, while you are renting you are missing out on the SECRET why smart people OWN; Home makes money for you. Consider this: Had you
purchased average DFW home in 2011 for lets say $100,000, by now in 2014 it is already worth $45,000 more than what you paid for it, Yes that
means people are lined up to pay you $145,000 CASH for it. And you know the beauty of Real Estate, you don't even have to have $100,000 to own
it, all you need is few thousand dollars, to control something worth $100,000.Answer this:
Do you want to continue to pay rent, which means you will give someone $12,000 - $20,000 per year, LOST, you get nothing for it, OR
Would you rather pay about the same and OWN A HOUSE, and while you paid lets average $16,000 in house payments, but because the house
went up in value by $22,500 ($150,000 x 15% increase), it gave you back every penny of $16,000 you paid, to own it, plus $6,500 in profit?
Why should anyone want to own a house? - Your house makes money 24 hours a day, even while you sleep. Its like having a money plant.
Answer this $45,000 Question? Why haven't you loosers bought a house yet? You are like, WTF, you are calling me looser! No its a wake up call.
While you were analyzing, Median home price in America went up from 2011 to 2014 by $45,000, In other words thats how much you lost by renting.
Seriously, if I can hit you on your head to wake you up, to get you to understand why buying a home is the single best decision you'd ever make
in your life, I would. You'll have to promise you'll let me kiss and make up. I'm speaking from experience, keep reading and you'll know why.
- One Life to Live, Give your family the best they can experience in life TODAY, Stop Analyzing, YOU WILL DIE ONE DAY, better start LIVING NOW.
- LIVE a superior quality of life, instead of being stuck in a cheap apartment where you don't know who you share building with! & their influence?
- 70% of the people own their homes, and it takes a responsible kind of family to own one, you'll be in company of much better people than before.
- Best place to Invest - Your house is safest and best place to invest your savings. What else pays 15%?
- Owning is forced savings - which you won't otherwise do. Can you 100% trust social security will be around, may be, but your paid off house will be
- Your home functions as a nest egg that keeps growing. Instead of rent, just pay your house payment, and in about 10 years, you'll have it paid off
- Your house makes money while you sleep. Homes have gone up 15% per year in last 2 year, what's 15% of $150,000 house = $22,500 every year.
- People that OWN have much higher net worth than ones that don't. Remember home equity and home working for your while you sleep!
- Inflation Protection - With all the debt, we are going to have lots of inflation, means while currency becomes worth less, house price goes up
- Hard to loose money in equity of home, Easy when you save it in cash or bank account - Desires, kids, relatives always have their hand out
- When You OWN, you take Pride, and you show it through your creativity, landscape, colors, millon things you can do with something you OWN
- Waiting is COSTING you at least $30,000 a year. House prices are going up and so are interest rates. Read my articles on waiting below.
- Mortgages are cheap around 4.25%, but slowly moving up and on their way to their average 8% over last 100 years, get one now
- Houses are still 30% cheaper than where they were at the peak, meaning you can find good deals, Not when they reach their peak again
- Privacy, you enjoy a lot of freedom in how you want to live your life, a lot more privacy, and when you OWN neighbors look out for each other.
- Save on Taxes - Many benefits can only be had when you own your own house, like write off your house payment, property taxes and insurance.
- Deductions - Want to write off your SUV, your Electric, Phone, Grociries, Vacation Bills, many other things - Better OWN a house first.
- Capital Gain EXCLUSION - When your house makes money by going up in price, and you have profit at time of sale, you pay no income taxes.
- Access to Cheap Money - Get home equity line of credit, do a million things with it, have much lower payment, and write off all the interest
- HELPS to ground you when you own it, you and your kids make friends with neighbors, garden, cook, you do things toghether, feel like family
- Your Credit gets better, Home is the biggest thing you will ever buy, so it has a large positive impact on your credit
- I can keep going but either take my word for it, think 70% of all people, educated or not, own them, must be something good about it, right!
KNOW ANYONE who need help? Behind on house payment, Taxes, Emergencies, Need Cash, We can Help them, call us for a confidential meeting.
Word of Caution: 3 out of 5 people I talk to have a story about how they were fooled in some way while trying to own a house. Probably because
they were looking for a shortcut, and it doesn't exist. By that I mean, You want someone to tell you what you want to hear, and let you have a
house for whatever you can offer. That gives birth to Scam, and it happens all day long, regular people get a letter from bank to move out because
they can't pay, soon enough con men will notice a empty house, take over the house and pretend to owns it. Advertise on CL home you can buy with
owner finance. Only problem is he doesn't own the house, the bank does, which originally funded a loan to someone who had to qualify for it,
and use to live there, and LIEN from that loan is still attached to the house, and as soon as bank clears it through the courts, they will be sending
someone with a constable to repossess the house. NO mater what these people tell you, no matter what paperwork they hand you, you will never
own that house. You can then vent out, talk shit, tell your sorry ass story, but that won't change anything. Thus BUYER BEWARE. No Shortcuts.
WE ONLY OFFER HOMES OWNED FREE AND CLEAR, WITHOUT ANY BANK LOANS. meaning they are paid off, thus you have no risk.
How to Buy a House from us? If you understand why owning is good for you, and are ready to take the next step, write down on a peace of paper
on left side, how much you make after tax, and all the money that is coming in from ALL sources. Total that column. Then write down what are the
bills you must pay, like phone, electric, car payment, (don't include rent) insurance, etc. Total that column. Subtract the column on right from one on
left. That will give you what your mothly budget is to afford a home. Now take a tally of all the money you have saved for down payment to buy a home.
Then you can phone me and make an offer, it goes something like this, "Hi, I read your website, I have $XX,000 saved for down payment on a house
$XX,00 is my maximum monthly budget, and $XX,000 is our family's take home pay each month, can I own the house at 123 Main street ( Address).
That's it. And I'll take it from there and give you a straight answer. How about that.
3/2/2 in NE Fort Worth / Mid Cities- Hwy 820 & beach rd
Spacious Home @ Hwy 820 & Beach or 35W & Western Center, Fort Worth, Keller ISD - Available to MOVE IN NOW
2 Full Bath
2 car Garage
Fireplace - Wood Burning
Flooring is Carpet & Ceramic Tile
Fenced Backyard - Huge
Covered Front Porch
Large Patio in Back
Good Size Kitchen
Large Living Area
Master Bedroom features attached Bathroom, and whole extra room for walk in closet
Laundry Room with lot of storage, shelves for pantry and more stuff
15 minutes to everything - fort worth arlington dfw alliance airport irving hurst euless bedford north richland hills soutlake grapevine Northeast Mall
Schools: Keller ISD: E: Parkview, I: Chisholm Trail M: Fossil Hill: H: Fossil Ridge
6717 Spoonwood Lane, Fort Worth, TX 76137 < - - - click ADDRESS to see house on google map
Monthly mortgage payment on owner finance is $1180 including Principal+Interest. Buyer pays Property tax and Insurance, appox. $365
*** Property Taxes amount is reduced substantially, once you claim Homestead exemption.
3/2/2 in NE Fort Worth / Mid Cities- Hwy 820 & Rufe Snow
Spacious Home @ Hwy 820 & Rufe Snow Drive Exit, Keller ISD - Available May 01
2 Full Bath
2 car Garage
Fireplace - Wood Burning
Flooring is Carpet & Ceramic Tile
Fenced Backyard with Mature Trees
Large Patio Plus A Huge Covered Deck in Backyard
Good Size Kitchen with Granite Counter tops (recently upgraded)
Large Living Area
1st Master Bedroom is on 1st Floor
2nd Master Bedroom on 2nd Floor features attached Bathroom, and whole extra room for walk in closet
Laundry Room with lot of storage, shelves for pantry and more stuff
15 minutes to everything - fort worth arlington dfw alliance airport irving hurst euless bedford north richland hills soutlake grapevine Northeast Mall
Schools: Keller ISD: E: Whitley Road, I: South Keller M: Indian Springs H: Central
Will be Given as soon as it become available < - - - click ADDRESS to see house on google map
Monthly mortgage payment on owner finance is $1098 including Principal+Interest. Buyer pays Property tax and Insurance, appox. $277
*** Property Taxes amount is reduced substantially, once you claim Homestead exemption.
Huge 5/3/4 in Richland hills - birdville isd
Very Spacious Home in Richland Hills, 5 minutes to HWY 30,820,121,183 in Richland Hills, Birdville ISD - Available NOW
Address: Not given intentionally, Don't inquire unless you have rather large down payment saved, Not available for Lease then Purchase
5 Bedrooms (3rd living can be turned into 5th bedroom if you have a large family)
3 Full Bath
2 car Garage 23x20
Another 2 Car Garage, 30x25 2nd Garage was a workshop, garage doors on both sides, can drive trailer through to backyard
Huge Fenced backyard - Park tons equipment, trailers, RV, boat, put in a pool, grow a garden, whatever you ever wanted to do
2 Large Sheds in Backyard
2 Seperate Living Rooms
Open Split-Bedroom Floor Plan
Ceramic Tile, and Laminate Floors, NO Carpet
Covered Front Poarch
Patio with Lots of space to BBQ
Dry Bar in Kitchen
Master Bedroom features an entire full size room dedicated attached FULL Bathroom You'll Love
Schools: Birdville ISD, Schools: E: Glenview, M: Richland H: Birdville
Monthly mortgage payment on owner finance is $1,475 including Principal+Interest. Buyer pays Property tax and Insurance Appox. $220
The sales price of this home is $225,000, and I'm looking for 20% down payment. Not interested in Lease 2 own this one.
3 bedroom in mineral wells - only $15,000
Yes, This 3 bedroom home is available for sale, got a shed in the back yard, huge lot, ONLY $15,000, You must have cash no financing on this one.
Proof of funds must be submitted before I can give you more details of this home.
DON'T SEE A HOUSE IN AREA WHERE YOU WANT TO LIVE, CALL AND TELL ME HOW MUCH YOU HAVE FOR DOWN PAYMENT, I MAY BUY A
HOUSE IN AREA WHERE YOU WANT TO LIVE, PAY CASH, AND FINANCE IT OUT TO YOU. YOU MUST HAVE SUBSTANTIAL DOWN PAYMENT.
We are here to help, Behind on house payment, Taxes, Emergencies, Need Cash, We can Help you, call us for a confidential meeting.
We offer TRUE FINANCING, saving you $10-15K charged by banks as CLOSING COST (see bottom of this page to see what banks charge)
We offer HOMES WITHOUT BANK LOANS, NOT competition's TAKE OVER SOMEONE ELSE'S MORTGAGE PAYMENT deal - don't do it, you'll loose
We offer TOTALLY RENOVATED & UPDATED HOMES without problems, so you won't get stuck with large unexpected bills
We offer HOME WARRANTY that cover everything in your house. Anything break or stops working, you make one phone call, and its fixed
We offer BUYING YOUR OLD HOUSE, so you can upgrade to a bigger, better, upgraded, Newer house with layout of your choice.
We offer REFERRAL FEE if you send us someone who buys a house from us, its the biggest complement you can give us
We offer FIXER UPPERS if you know how to Rehab homes. Sometimes, We can offer homes you can fix yourself if we haven't started work on it.
We offer ITIN LOANS - We offer long term solution for people with no credit and only an ITIN Number - WE DO ITIN LOANS
We offer Lease 2 OWN, If you can come up with enough of down payment, you can pay the rest while you live there little by little
We offer ESCROW so you can save for down payment starting with any amount, When you have saved the Down Payment, You can Own a house
We offer EQUITY LOANS - For those tough times that we all can't plan for, You can borrow money back from the equity you have built in the house
We offer CREDIT REPAIR - Regardless of how it got there, We can help build it back up, Its easy, credit score is nothing but a mathimatical equation
We Offer 100% SAFE INVESTMENTS paying 5% Annual Interest Rate, zero risk, 100% secured by a houses we own outright, and cash flowing
We Offer INVESTMENT in Real Estate with as little as 10-20% down, We Will loan you rest. We'll buy it, fix it, rent or sell it, you keep the profits.
We offer PROPERTY MANAGEMENT, including List property for rent, file eviction, attend hearing, writ of possession, Move tenants out, whole 9 yards
We offer LISTING & BUYING property through our Full Real Estate Brokerage, everything real estate agents do, we just do it way better
We offer NEW HOME LOANS & REFINANCE LOANS even for people with ITIN Number & No CREDIT through our Full Service Loan Brokerage
We offer LOAN YOU DOWN PAYMENT, Got excellent credit? make good money, but just don't have the down payment, We can help you buy a house
We can keep going, but in a nutshell, We are friends you wish you had, so let us help you get started with whatever you decide
Questions and Answers + Uncommon Wisdom
I already own a house! Will you buy my house, even if its not in a sellable condition? YES
I know someone who wants to sell their house for cash or walk away from their house or facing foreclosure, Can you buy their house? YES
I don't have Down Payment, can I buy? YES > Open Escrow with me, Save $192/week, you'll save $10,000 in a year for DP, then you move in.
I make cash money, I'm a Dancer, I don't declare my income, whatever the case may be, can I buy a home from you> YES
What is the interest rate on your loan: 9.95% Annually. In some cases, I may charge more or less, depinding on any number of factors
What is the minimum I need to get into one of your homes? I prefer $8,000, but feel free to call and tell me your story, I may make exceptions.
What is a down payment? To purchase a home, most people get a loan, unless you have all cash. Down payment is the portion of purchase price
the lender requires you to come up with, because Lender isn't interested in lending 100% to minimize the risk of default. If Loan is 80% DP is 20%
Where does my down payment go? It goes to Seller to pay down your house, if you buy for $100,000 and pay $20,000 DP, your Loan is $80,000
Can I buy without A Large Down Payment? You Can with Lease then purchase. Unless you have skin in the game, your risk of default is very high.
Does my Loan balance go down each Month? YES > Every time you make a payment, the Principal Loan Balance of your loan goes down.
Will my Principal balance go down, while I'm doing Lease then purchase in order to save up for down payment? YES > Lets say you moved in
with $8,000 on April 1, and it took you 24 months to make up rest of your down payment and closing cost, You will be credited principal portion
of your payment for all the time from April 1 forward, as if you had owned it all along from day 1.
Can I own a house, If I receive Government Aid or Section 8? > YES, I don't care where you get the money, you certainly can own a house. And we help
you structure it so that you will continue to qualify for section 8, and will not loose your benefits.
Why don't you list price of each house? To keep dumb asses from using it as an excuse not to buy. READ my article about price of house below.
What is Mortgage Payment? Its Principal + Interest you pay each month to payoff your loan. Doesn't include property taxes and Insurance
What is PITI or House Payment? PITI = Principal + Interest + Taxes + Insurance, aka Total House payment includes property taxes and Insurance.
Can I refinance and get a lower rate thus reduce my payment? Yes, you can do that anytime, there are no penalties or fees.
Why does it take 30 years to pay off a home mortgage? Because people generally pay the minimum amount needed to get by
Can I payoff the house sooner? Yes > With my program, you can finish paying it off in 10 years (The key is to pay down Principal) This is how?
You start off with our loan, then we can help you get your credit and other issues fixed, and then we can help you refinance existing mortgage at much
lower market interest rate, usually less than half of what you pay on our loan, thus reducing your payment. At that time, If you keep paying what you
were paying us, you will end up paying off large sum of principal balance early, thus reducing the time to pay off loan in 10 years instead of 30.
Is there any Closing Cost when buyer takes title: Yes
$750 Document preparation and processing Fee,
$56 Recording fee,
2% Loan Origination Fee paid to Licensed Residential Mortgage Loan Originator,
1 year of prepaid home insurance
1 year of prepaid home warranty
3 months of prepaid property taxes and Insurance amount is placed into Escrow account maintained by lender
Title Policy - cost is based on loan amount - all title companies charge the same by state law
Can I pay off my loan anytime? Yes, there is no pre payment penalty, you can payoff your loan as fast as you want.
Can I pay off my Loan balance by paying extra whenever I have money? YES, it immediately starts saving you money that you were paying in interest
Can I borrow money against the equity in the house? Yes, if you have emergency or need money for whatever, you can borrow against your equity.
What happens if something stops working, do I have to pay? NO > I require you buy Home Warranty, They will fix it or replace it.
Can I reduce my Property Taxes? Yes, I require you to file Homestead Exemption after you buy. It lowers your property taxes substantially
Do you pay commission to real estate Agents - YES, but it comes out of buyer's pocket. Real estate agent has to clearly disclose to their client
what they will be getting paid, and add that amount on top of your down payment.
Do I get any other breaks? Yes > If you are over 65, disable, Veteran, etc, you may pay even lower taxes or no taxes
What is the trend in Real estate prices as of March 2014? Uptrending fast, Train has left the station, Hop On, Ride it, its best time to buy now.
WATCH THIS FORBES VIDEO ON WHERE REAL ESTATE MARKET IS GOING >>>>>>>>>
- July 30, 2013 - it also reads, "Property values in Dallas reached records in May, the first time any city had surpassed its pre recession peak"
- September 19, 2013
- April 11, 2014
Before we get started, give yourself a pat on the back that you found us. Because otherwise, what happens with most people is they get stuck with
homes that are on their way to foreclosure, offered to them by people trying to make a buck. These homes always have pre-exiting bank loans
attached to them, and liens, and in that situation, regardless of what seller said, you will never own that house, aside from hassle one goes through
and loosing your hard earned money, and embarrassment of meeting and dealing with people that only had their own best interest in mind.
What makes us different is we're local, OUR HOMES ARE OWNED FREE AND CLEAR, 100% paid off, no bank loans, you are 100% safe
I try to make it easy; I've taken cars, motorcycles, Boats, you name it, If I can get cash for it, you may be able to use it towards the down payment.
You ask, what is the minimum I need to get into one of these homes. I like to say $8,000 but if you make strong income, I may be bit flexible.
You ask, how much extra do I have to pay on top of monthly house payment if I'm short on down payment? You are competing with others who may
also want the same house, so make your offer stand out by making the best offer. Remember, you are investing in your own house, and its by far the
best way to invest your savings. As a general rule, I try to avoid dealing with people who are always looking for minimum amount to pay to get by,
because sooner or later they are much more likely to default.
Let me lay it out there, if you don't have money, it means you haven't
saved it. Saving requires planning, and thinking
Buying a house is thinking long term, which means something has got to give in order for you to save. I help you do just that.
With what I offer, You are saving while you live in your new home and we can help fix your broken credit as soon as you settle down, thus there is no
need to wait till you fix up your credit or save up enough etc etc. As long as you are man or for that matter Woman of you word, committed, make
good money, I can pretty much offer you any terms, any payment amount you want, just about anything as long as its WIN WIN for both of us.
Owing your home is part of our American Dream, the good life, 70% of Americans that own their homes, have made it, 20% never will, you are the 10%,
that want to do it, may have learned from your mistakes, now ready to commit, but system has shut you out for its own convenience. Just think, Why'd the
system encourage you to own your home or fix your credit, when they can charge you 34% interest on your credit card, 18% on your car, and so on,
you are now just a slave, you make money, but it all goes right back into the system. You want to Change that? Then start by reading this page to end.
Don't tell me you don't already know this! The way our capitalist system is setup, unless you are smart, it sets you up for failure. They give you a
Kohl's card or some, and you are like, I didn't even deserve it, and these dumb asses handed me free money, and you buy stuff you don't need, and
don't pay. Guess what, you sold your soul for $500, because now for years, you will pay thousands more for car payment, insurance, this and that.
If you don't learn, then you will be shut out of opportunities that make life easy and worth living. They will bury you under all the bull shit rules,
and tell you you don't qualify for home loan. Strange, You qualify to pay someone else's mortgage, just not your own? Its a catch 22. Best thing you can
do is learn to use the system right, and you'll love it. I know, because I came here from another place, and more over, I've travelled the world, and
belive me, as shitty as it may seem sometimes, its still the best system there is, and I can help you get pass your hurdles, and help you own a house.
You may have lots of questions, so continue reading, 99% of your questions are answered on this page.
THERE ARE MANY PEOPLE OFFERING OWNER FINANCE, WHY SHOULD WE BUY A HOUSE FROM YOU?
Because You have worked so hard to save up some, and dreamt so long, so you can own a home. Its important that you choose a person who
has your family's well being in mind, and can help you fulfill your dream. Besides I'm the only one in DFW that offers TRUE Financing over fake
deals offered by investors, who aim to target innocent people, due to their lack of understanding of contracts, real estate, financing, and how things
work. Here is how it happens. Investors advertise, We offer owner finance, Buy a house without the bank, you don't need credit, we put deed into
your name, etc., NOW THINK > Just because someone says they will offer owner finance, doesn't mean they own it, or if they say, I'll put deed
in your name, it doesn't mean shit. How can anyone deed you a property, if it doesn't even belong to them. That's right. None of these people,
own anything, as a matter of fact, most of them are broke, so if you get screwed by one, good luck collecting. What happens is they go to these
GET RICH QUICK seminars where they learn how to screw you. This is how it usually goes. Regular working folks buy a house by taking out a loan
from a bank, and the bank puts a lien on the house until Loan is paid off. Somewhere along, they stop paying, due to death, divorce, whatever,
bank sends them a letter, (pre foreclosure process) telling them they are going to take the house back through foreclosure unless they pay up.
All this by the way is public information. This is when these Leeches (investors) find out about people who are behind and they come knock on their
door, and make proposition like, hey, if bank forecloses, it will ruin your credit, why don't you sign the house over to us, and we'll bring your past due
payments current, and take over furture payments. Most folks don't wait around, letter comes, they find a place and move out, in which case, investors
don't even to bother to check with the original owner, they just fabricate the paperwork to take over the house. OH YES that happens all the time.
Now they turn around and claim to be owner of that house, and offer you all that you already know. Only problem is, they don't own the house, house
still has a lien on it till bank sells it at the auction, bank is not dumb, it has already started the foreclosure process, and you don't think the investor is
actually going to tell you any of this, do you? In short, their is a small window, in which they want to get hold of your money, and may be few monthly
payments, before the bank actually forecloses and constable puts your stuff on curb. Good luck trying to sue the investor, they ain't got shit.
Let me just say, there are lots of ways NOT TO BUY A HOUSE also. Those that don't want to buy a house, may initially promise the girl friend
the world, I want to do this for you and that, but when it comes down to it, they will pickup some bull shit reason why they won't follow through.
It can be anything, price of the house, payment is too high, location, we don't have down payment, just about any bull shit that will fly. I've tried
to address and answer all the bullshit people think up, further down the page, read it, so you can get over your fears. Fear is not bad, but if you
use it the wrong way, which is what most do, You won't ever realize your potential. Its simple, you want to own a house, I can make it happen,
You just commit and follow through, you are done. Its that easy to acheive anything in life.
What are your Excuses? whatever they are - they are just excuses not to buy a house or commit. PRICE IS TOO HIGH.
Real estate is priced
very competitivly. Besides if you have bad credit, hardly meet down payment requirement, and bank wouldn't touch you with a ten feet pole,
there is nothing wrong with paying little premium over what someone can pay if they have perfect credit, perfect job, etc. You are not that.
Just be glad that someone is willing to work with you. I go by a simple rule, you get what you pay for. Sometimes I get a call, and the person on other
end will say, the price is so high. I ask, compared to what? Things are priced based on desirability, not based on cost of materials.
Here is my own true story and everytime I tell it, people just laugh their ass off.
When I moved here from California, I contacted a realtor, and asked him if he can find me a good deals on a house I can buy, fix up
and then sell for profit. I wasn't familiar with area, so Dallas, Fort Worth, Whatever, all sounded the same. Anyway, he showed me a brick house, in an
area called oak cliff near dallas. It was cheap compared to what things cost in california, so I signed a contract, and few days later wrote a check and I
was the new proud owner. Hired a contractor, and $30,000 later, it looked like a new house, with new paint, new carpet, new windows, new kitchen
cabinets, new vanities, new toilets, new tubs, new light fixtures, new doors, and a new Air conditioning system. I listed it for sale. A week later, I got a bill
in mail from city of Dallas which I wasn't expecting because I was current on my utility bills. I phoned, and they said it was for boarding up a house.
I was shocked and I argued with the lady on the phone, and told her she must have the wrong house, because I just finished redoing the entire house.
She said, No, she did have the right address and they had to board it up because it was vandalized. I dropped the phone, right then, and drove to
the house, and I could not believe my eyes. The house was missing the front door, and not just the door, someone took the entire thing including the
frame, I imagine they must have used a sawzaw. And of course, all the windows, carpet, cabinets, Coil from AC unit, condenser, everything was gone.
Long story short, its not just the cost of materials, its everything else, Location, Schools, Nicely situated on the lot, crime, walkability,
the neighborhood character, condition, demographics, will it hold value or rise in value, taxes and fees due, etc, etc, that detremines what a house
is worth. You can take a nice house from lets say, Southlake, or a top notch area of town and move it to say, somewhere near East Lancaster Avenue
or Lake como Area, or Forest Hil, or any part of bad area in town, it will drop in value by $200,000 overnight.
This is why I don't buy houses unless they meet all the criteria above. While everything in life is negotiable, but did you know that A $10,000 price
difference will lower your prinicpal by only $16 pr month. If you find someone who is willing to help you, overlook all your past, and give you a loan,
and get you on a path of owning your own house, are you going to fuss over $16? If yes, STOP. Thank you for visiting, BYE BYE. Who's NEXT.
Answer this > if I can offer you a $145,000 house for $549 a month NET out of your pocket, example of which is illustrated in a flyer below on this
page, are u still going to fuss over price? It cost twice that amount to rent a shity apartment in bad part of town. Also, you are not paying the owner
all his money today, unlike someone who has an approved bank loan, where seller gets his money right away. Dealing with you, who knows,
It might be years before owner collects all his proceeds from the house by which time house would be worth a lot more than what you purchased it for.
But over an over again, I find people, especially who have immigrated here from poor countries, call me, they ask the price, then hang up. It is not a
healty way to think. Those concentrated on price, use the price of the house theory to keep telling themselves why they haven't bought a house yet.
Before I point a finger, let me admit, I was one of those people. Back in 80's I lived in California, had money to buy a house, but I told myself the price is
too high, I'll wait till prices come down a bit, but they didn't. At the same time, I was helping others buy homes as a real estate agent, while I kept my
family in an apartment, thinking I was making smart decision waiting for right time to buy. NOT. The very people I helped buy a house for $200,000
had me sell the same house within 10 years for $650,000, moved to Texas, and bought a castle here for $300,000 and a local business. That was
embarrasing. That's when it hit me, and I had to admit I was missing the big picture, had to change the way I thought, and look at things from different
perspective and I did and as a result, we now own bunch, and we are happy I changed. What about you? What should really matter, it's house you like,
can comfortably afford the monthly payment on, located in area that is safe and in demand and you want to live in, you like the layout, and that it
doesn't have problems. I don't discourage negotiating, but its a two way road, both parties must feel WIN WIN.
Should we wait and save for couple of years, fix our credit, and then buy a house? NO - There are so many reasons to buy now.
Economy is on a rebound, that means everything is going up, especially Houses. If you don't buy it will be poor financial planning, let me prove it.
I say find a way to Own it, if you can't afford it by yourself get a roommate, whatever, but here is what happens if you wait to own for couple of years.
You will loose $150,820, in other words it will cost you this much more if you waited, That means it Costs you $260 for everyday you wait. Here is how.
House prices went up 12% nationwide from April 2012 - Apirl 2013. They are expected to go up another 15% this year, so if you were looking
at a $150,000 house, and you waited two years, the same house is already gone up to 168,000 since last year, and it will be $193,200 by end of this
year's buying season. So that's $43,200 extra it costs you for waiting, just in price. Now lets talk about cost of borrowing which is based on Interest rate.
Interest rates in last year went up from 3 percent to 4.5%, it means, because you waited, now it will cost you $51,455 more interest over life of
the loan, and if you are stupid enough to wait till next year to buy, and rates which are projected to go up from 4.5% percent to 6%, it will cost $107,620
more in interest over life of the loan. So here is only the financial cost of waiting two years (107,620 cost of interest + $43,200 price difference) totaling
$150,820, divided by number of days in two years 730 days, its $260.60/Day. Rich are rich because they can see trends and ride the wave. No one up
there is making you poor, It's our refusal to understand how the system works, which keeps us poor by choice. Talk to me, I've been there done that.
Another reason is by buying you will free yourself from your long held habit of procrastination, and your family will be happy becuase of it. Another
reason Seller financing is smart way to buy a house, because you end up skipping the high cost, banks charge just to approve your loan. They call it
closing cost, and they are listed at bottom of this page, be sure to check it out. Another reason is to set things in motion in a desired direction. Lets say
you have bad credit, fine, I don't require credit to approve you but becuase you are buying a house from me, I will help you get your credit fixed and
overcome other issues that kept you from qualifying, and that will lower your payment on the house, get lower payments on your cars, credit cards,
it just opens so many doors when you have excellent credit. Another beautiful thing about it is, you don't have to come up with anything, the bank pays
all the closing cost when you refinance, compared to when you go for new purchase through a bank, Buyer must pay all closing cost, which is you.
Buy buying direct you also save bunch of money on that closing cost.
You want more reasons, then lets talk about the human drama. Deep down, People don't approve of themselves, so they spend most of their energy
and money they make on things, trying to be liked by others, and they are eating as if there is no tomorrow. Its an emotional weakness. Buying a
house is a good decision emotionally, socially, as well as the best tool for financial planning. Commit to buying a house, plant some flowers,
some veggies, see things bloom and come to life in your yard, it will change you as a person and light up your emotional world. Its good socially
becuase you can get out of getto of apartments, and live in established neighborhood and climb up the social and economic ladder.
Its great financial planning tool, because by buying a house, and paying that monthly payment which you would pay anyway even if you were renting,
but the difference in OWNING is that in about ten years, you've paid off that house, and now that house is your nest egg for retirement savings
that will grow in time and you can dip into it in time of need. Besides, Life is HERE NOW, live in this moment FULLY
Reward yourself the best things in life NOW, otherwise what's the use of making money.
Want more reasons; If you save and put it into something you own and control, you are taking charge of your own future, Uncle Sam isn't
going to be there! If you hold cash, its becoming worthless by day, Debt is going up, $ is going down, house prices are going UP! Here is something to
ponder over. While our economy hasn't changed all that much, but house prices on average have gone up by about $20,000. Why? Its called you
currency becoming worth less. when worth of a $ goes down, it takes more dollar to buy the same house in this case. So Buy a House before it moves
up another 20,000.
Here is another new excuse from a hispanic Lady I spoke to other day. She said, we want to buy a house, but we don't want to pay
interest, so they had decided to save up each year, and when they have the money, they were going to pay cash for the house. So I had to take a
few minutes to explain why that was a bad idea. Borrowing money is not a bad idea, rather its one of the best ideas, if you manage it right.
Here is a true example. When I was a little kid, we didn't have enough money to go around, and money was one of the primary causes over which
people fought. so it got me thinking how I'm not going to be one of those fighting over it, and that made me always seek ideas to keep my afloat.
We lived in a village, where we had a local economy. Farmers grew vegetables etc, and brought them to a MANDI (auction house) where they were
auctioned off to the highest bidder each morning. Local shopkeepers will come bid on stuff, and buy them at wholesale prices, and then sell them
at retail from their shop throughout the day. One day I was hanging out at my neighbors house, and his father took both of along to the MANDI, where
he was looking for a wholesale deal on a case of mangos. You see, where I grew up, its common for a whole family to get together during the mango
season and sit around a big case of ripe mangos, and you eat and eat, and squeeze that mango pulp into your mouth, till you can't handle it anymore
or the case runs out. Thus, the reason, he was looking for a wholesale deal on mangos. Anyway, I watched the whole process of him bidding, and
eventually picking up mangos at a wholesale price of one quarter the cost, that it would cost at retail. Like he only paid $10 for $40 worth of mangos.
Not only those mangos, fulfilled my taste buds, but they set me free. From that Idea, I figured a way to borrow $10 and on my own, next day, I went
to the market, and I purchased a heap of carrots, and a heap of cauliflower for $5 each. I got them home, and then after taking out what my family
needed for that day, I went over to all my neighbors' houses, and offered them those vegetables, at half the price they would pay at retail. Surely,
it was a success, I bought the stuff for $10, sold it for $25, paid back the guy I borrowed $10 from with $2 in interest, and still had $13 left in my pocket.
And I did that many many times and changed out the variety of things I would pick up at wholesale to keep it interesting. At such a young age, I had so
so much money, I was the youngest person in my village to have a bank account. So you see, borrowing can be good, as long as you are responsible.
Back to houses, it may be possible that if you live in a ALL CASH society, that you are use to not paying interest, because you pay all cash, but its the
smartest way to do things. Borrowing has its place in commerce, and provided you do it responsibly, it can help you rise economically farily fast.
So I told this lady here is what would happen if you waited to buy a house by saving and paying all cash. Lets say an average house costs $150,000
today. But you decide to wait and pay rent, and set rest of the money aside to save. Lets say you save $192.30 a week, that's $10,000 a year,
and at current interest rate of 1% banks pay, in 15 years, you will have saved $161,896 (150,000 principal + $11896 interest) including interest.
But in the meanwhile, you can't ignore the fact that they are not building any more land, and its a limited resources, and because of that, as
population and opportunity grows, move people will move here and don't want to live an hour away from where they work, so they will pay more
for the house, and as a result of that, houses go up in price, most years. They have gone up in price 12% in 2012, 15% in 2013, and projected
to go up by 12-15% in 2014. For sake of our example, to give you better odds, lets say they only go up by 6% annualy instead of 12% which
is current reality. Did you know, that a house which costs $150,000 today, will be worth $360,000 even at 6% average increase, and you will be
short by 198,104 ($360,000 - $161,896.) Not only that didn't work, you put your family through shit all these 15 years living amoung who knows
what kind of piece of shit people all around you in apartments, with very little privacy, lots of bad influence, and then you wonder how the kids
turned out? And do you really think if you were saving $10,000 a year, that you won't have any relatives or friends or all sorts of shit that comes
up which demands that you put your plans on hold and give your money to them, feel important, to boost your ego, get a piece of ass, or whatever.
And what if they go up at 12% not 6%, then you are majorly screwed. And I didn't even go into hundreds of other benefits of owning today, such as
saving on invome taxes etc. So the point I'm trying to make is, you go with the trend, not against it. Right now the trend is up, and trend is your friend
and it just started, you will ride it, if you own a house today. If you don't understand what I mean, ask any intelligent person, what's happened to
houses in last two years. The piece of shit house that sold for $60,000 in 2012, became $80,000 POS in 2013, and then $100,000 POS in 2013
And the Guy that paid $5,000 down to move into it, is $40,000 richer today. So, no you don't want to wait to save up then buy cash. Just pay the
interest, and if you are too worried about interest, pay little bit extra each month from the savings, and instead of paying it in 30 years, pay it off in 10.
Here are couple of examples of time value of money TVM:
Carla and James both save $1000/year ($20 a week x 50 weeks a year), easy, are you doing it?)The money each saves earns 10% interest per year
Carla starts at age 22 and stops at age 30, 8 years. Jack starts at age 30 and stops at 65, 35 years, started out late. Guess What Carla would have
$388,865 in her retirement account, while James would have $294,039, good but not as good as James. That's called TIME VALUE OF MONEY
Works the same way anywhere - Carla saves extra $100 a month and at end of year, she makes one extra mortgage payment, to pay down the
principal balance while James just pays his mortgage when due. Becuase of that one extra payment, Carla will finish paying her entire 30 year loan
in 23 years, TIME VALUE Again. Borrowing is sometimes a necessity, but if you don't understand numbers, you will remain buried in debt.
James has $5,000 balance, at 14%, and minimum payment as 2%, or $100/month, on a credit card balance. Making minimum payments only, it would
James, 22 years and $5,887 in interest payments to pay off this debt. While, Carla also has the same $5000 balance, at 14%, same terms, but decided
to pay $25 more each month, thus she pays $125/mo. She pays off her entire balance in less than 6 years and spent only $1,775 in interest. TVM
You see, its good that you have learned something about TVM, but unfortunately you can't turn back the clock. So the next best thing you can do is
to start your journey by investing in your own house and you too in very near future can be proud of decision you made after learning about TVM.
I say, If you want something in life, you can just go get it I've done it all my life. Here is a real life story. I was sitting in front of one of my two story
homes in fort worth just few years ago and a girl came by and she said, "I have been passing by here all this time, and I love what you have done to
this place. I want this place, What do I need to do to get this place. I asked if see she had a full time job, she said NO. But I noticed she was driving
a very nice raised pickup truck with every damn upgrade one can imagine from top to bottom. So I asked, how did you buy this vehicle, she said,
It's on payments. So, how much is your payment? she said, $1800/mo. I'm like WOW. So here you are, you must do something, to be able to afford
$1800 car payment, and wear $200 dress pants. She said she assisted people with taxes and did all these odd ball jobs, along with waiting tables.
Anyway, I wasn't worried. She wasn't going to walk away with the house, so I let her have it. Since she was so clear about what she wanted, I gave her
the following propositon: First thing, go return that vehicle, which by the way she had purchased for $55,000. Get yourself a $2000 car that will get you
from point A - B, then come talk to me. 3 days later she returned the pickup truck and showed up in a corolla which she purchased that morning for
$2400 cash. I was impressed. I gave her the house, after she agreed to the following terms. "Since the house had 2 stories, I proposed, She take the
master bedroom downstairs with attached bathroom, living rooms, kitchen, laundry, wooden porch, and rent out the four rooms upstairs that had a
common bathroom for $500/mo each, and include water, garbage, electric, Gas, Telephone, Internet, and the renters need not to buy Washer Dryer
Fridge, Stove, Microwave, anything, you provide it in that $500. With $2000 coming in as extra income + plus her own income, she had it made. She
gave me $1000 down which was all she had, and within two week she had four renters, and within a year, she had paid down the house substaintially
and after fixing her credit I got her refinanced, and her new payment was $560/mo inclduing everything. She was so happy. Then she slowly let go of
her tenants, and she moved her parents in with her who lived in a really tore up place out in country. They all still live there, happily ever after. You see
if you want to make it work, you will find a way to rise to the occasion, the opposite is also true my friends, going down doesn't even require effort
its the natural way things travel, WATCH OUT.
BIG SECRET - What seems like accidents may not be? This is how our system works called Capitalism, while we beat up rest of the countries for not
being democratic enough. You think its an accident that in USA 98% of people are asked to have money they want to save for retirement be deducted
from paycheck, which flows in stock market, controlled by Big 5 banks, too big to fail, ---> and we see a small 20% shave of your money every year
around october, ---> and a 30-40% shave every 4 years called recession. Did you know if you invested $1000 in 2002 and looked at it 10 years later
how much it changed, NOTHING, how come. Because big 5 can make moves in market to make you feel its moving, and then shave it, leaving you
with 0% return, or negative returns, so much for Long term investment in market. In short the game is rigged. --->How about Housing Crisis, Bank
Bailout Other Billions slowly leaking out of middle class's pocket which you may not know about, and the Affordable Health Care Law.
Lets see bunch of rich people, buy out politicians, (soul-less leaders readily available for sale, they will sell their mother out, and you think they are going
to protect you!!) get together want to make shit load of money. Heard that before. So they go to bu$h, get interst rates lowered, borrow cheap money
buy up and/or develop land they already own around major US cities, then sell acre of land that use to be $1500 for $1,500,000. YES SIR. --->Then
come the home builders with same blessing, they borrow billions, build millions of houses, ---> which means every one of these Cities now is getting
shit load EXTRA money in property taxes forever, no matter what happens to the house, someone is on the hook (YOU) to pay the county. --->To
sell these empty homes, bu$h gives banks green light to give anyone and everyone a loan, so all these homes are sold, of course knowing many can't
afford them or shouldn't have even been offered to own, since they had $0 equity, so people natually are defaulting after they hiked their payments
with variable loans, but don't worry they have a plan.--->First these banks hold up their hands, and remember that night, (like another night from
AXIS of EVIL chapter and WMDs) when the bottom was going to fall out from underneath us all, unless every politician signs up to pour out
$880,000,000,000 from your pockets into the bank's pockets. There is more. --->Goverment is also the insurance company for all these banks
so whenever a foreclosure happens, banks take your house back and turns it over to the Govt. Govt insured your house with money you paid called
mortgage insurance, when you purchased the house. Govt then sends Bank a check for unpaid amount of the loan. Now then, once Govt gets these
homes, they want to get rid of these houses, or on paper bad debt, so here comes the FED to buy all these houses from Government with Bonds.
---> So FED comes to rescue, which was mainly designed to control banking, but expanded its role to protect the wealthy and they have been been
buying TRILLIONS of dollars not billions, of this bad debt (houses.) in the name of cleaning up the housing mess and they said they will continue to buy
minimum of $40,000,000,000 (billion) of bad debts each month and more if they have to till economy catches up. --->You might ask, where does
FED get its trillions to buy this junk? Oh, didn't you know they have a printing machine, yes they are the printing press guys. So what happens when
you just print trillions of dollars, without actual growth to economy, it devalues your currency. Dollar becomes worth less on international market,
which drives prices up, since it takes more worth less dollars to buy the same gallon of fuel for example.---> Now Govt got money back from FED,
but what do they do with millions of actual homes each month? --->They have a fire sale. So here we go again, to help banks get richer, hand them
another freeby, Govt sells these homes in an auction each month. Oh, but sorry you and I can't bid, only if you have $5 billion or more, and who might
be walking around with that kind of change, the same big 5 banks, so they each month buy back the same houses at govt auction, FOR ONLY
40 CENTS ON A DOLLAR, THAT THEY SOLD THE GOVT FOR 97 CENTS ON A DOLLAR. SO ON PAPER THEY JUST MADE $47,000 IN BALANCE
SHEET PROFIT. Last month with $97,000 DEBT, same house was in bad debt account that belonged to the bank, now month later, purchased back
by same bank, it's an ASSET of the bank and they turn around and list it on the market for $100,000 through a real estate agent and bank again
makes $50,000 on it. And this is how the banks that were upside down just yesterday, are very rich again. Have you seen banks' earnings report lately?
And so the rich get richer scheme goes on. And all that shit about politicians saying if you cut rich people's taxes, they will create jobs and trickel
down reagan economics will work, NOT, they sure create jobs but in places where they can get cheap resources and labor, which for last 30 years,
took jobs out of USA to Mexico, Brazil, India, China, Isreal and so on, and just about everywhere but in good old USA. If you aren't shocked enough,
eat this. Big US firms, have people on payroll that run schools in india. With their help, they pick up cream of the crop right out of eight grade from all
over the country, teach them MI....SOFT through scholarship, if you know what I mean, then after they graduate from HS, they get to go to uniiversity
owned by MI...SOFT all on FREE scholorships, and guess what they are also guaranteed a job at MI....SOFT INDIA, the day they finish college,
all funded by MI....SOFT. And what about people in USA? oh they got plenty of shit to distract you from seeing the real picture. Its all a big money
scheme. I can go on, but you get it, YES. Sorry we can't change the forces, but you can be on right side of the wave, meaning ride the wave instead
of getting beaten by it, and that means buy a house, and take advantage of the rise in house prices. Let your house make money while you sleep.
And then you thought, this bu$h guy he fucked us bad, but this obama dude, he's cool, so here comes Affordable Health care. To a normal person
it would seem like, wow, what a great idea, affordable care for all those who can't afford it. Except here is the reality. It use to be that if you didn't
make enough money, you went down to your local government or county hospital, they will patch you up. And if you needed more follow up, you can
sign up for some sort of a plan the county offered you, here in DFW, we have JPS hospital, and the plan is called JPS Connection, where you can pay
$5 to see a doctor, $10 for medication, $25 for urgent care etc, and if you are really down on your luck, they waived those fees. And under that plan,
that's all your paid, it was your copay, and the rest of it was taken care of by premiums paid by people in that plan, county where ever.
But the main thing was you didn't have shit load of collection bills chasing you. NONE. That plan was there, because there was no government
mandate, no alternative choice so the county had to offer it to you. But here comes Obamacare. Now you can't qualify for any local government
plan, or JPS connection, unless you first apply for what is now the government mandate, Obama care. The minimum plan on Obama care is
$200/mo, which means you will fork out $2400/mo, and it doesn't pay anything until you have first paid $6000, which is your deductible, that means
you have to pay first $6000 of all your medical expenses out of pocket. So that means, First you pay (2400+6000) $8,400 out of pocket, and only
then you will now qualify for JPS connection. You see where its going. They have called it Affordable Care, and yet it has taken away all options from
a middle class family except to go to emergency, which is going to be crowded from now on, since you'll see all those that didn't qualify, also there.
So you see, unless you get your shit togehter, you will see, one by one, how social security, and every other kind of security, your privacy is all striped
away from you and if you want government help you will be next in whom they implant a chip in the name of saving money on record keeping, and once
they got this Chip in you, who knows what's possible. I don't mean to scare you, I'm not saying who you should vote for, I'm just saying get your finances
in order, BUY A HOUSE, it will help you save and hedge against inflation. America is Changing and you don't want to be dependent on the government.
Why is everything going up in price? America is overloaded with Debt, When you have too much debt, your credit rating falls, you saw it happen
last year, then people want higher interest rate to lend you more, just like when you have bad credit. Meaning we are headed back to the historic
aveage interest rate of 8-10% in lending. Even at that it's not high, as a matter of fact, it's been the average over last 100 yrs till republicans
decided to drop them starting with Reagan, let the rich make all the money due to cheap access to cash and squeeze the Shit out of middle class.
What it means for you is that value of US dollar is collapsing, and it will take more dollars to buy same commodity than it use to. Its not that Gasoline
has doubled in prices, NO, Our dollar has declined in value and in international market that means it takes more dollars now to buy same barrel
of oil. The effect of that is showing domestically. Stuff is starting to cost more, It's called inflation. And with with inflation everything goes up in price.
The house price, the rent price, the interest rate, everything. Which means if you OWN A HOUSE or any Commodity, you will be able to get more for it
than what you purchased it for. NOW WHAT IF YOU CONTINUE TO RENT, because interst rates go higher, it drives up the cost for owner to buy the
apartment building, maintain it etc, so your rent goes up, but not your salary, and you will become poorer or may be a rebel or both.
Here is real life example of inflation, You purchased a house last year lets say for $145,000, you did nothing to the house, not much has happened to
economy, but becuase of the inflation, value of our currency has dropped, which has artifically bumped UP the price of everything, price of materials,
and ultimately the houses, and your house all the sudden is now worth 162,400 (145,000+12% increase). You just made $17,400, doing nothing but
following good advice to put some money down on a house, and own it instead of renting. This is why I say, BUY A HOUSE, its by far the best way to
save and grow your money, and you'll be glad you did. As inflation hits, value of your home will go up. Now compare that to if you held your savings in
cash, because of collapse in value of dollar, it will be worth much less, becuase it will now take more bills to buy the same stuff in future, like a house.
This is the reason, why for last few months big hedge funds are sending people to tax sales, foreclousure sales, and they are buying up everything
left and right. If they are investing in houses instead of stocks, there's got to be a good reason, right. YES. Are you coming on board?
Is it Possible to lose money on a house? YES. Like any other game, there are lots of wrong people ready to take advantage of you,
if you don't know what you are doing. These people are well trained by other con men, who come to town with lots of seminars, and they promise
people, you can make lots of money, and in short they are all about how to screw people out of their money. Happens in real estate too.
You understand, it takes
MONEY, TO MAKE MONEY. So what a normal person does is goes out, finds a house that is undervalued, generally because
its not been maintained, pays for it, then invests many thousands more to renovate it, then tries to sell it in market either through a real estate agent,
which costs about 10% of the sales price, by the time you receive your check for the net amount after deducting expenses to sell it. Others may choose
to save that, and sell it direct, by offering to finance it. If you are a person, who owns a property FREE AND CLEAR, you can then offer
TRUE FINANCING, because you don't owe any money on it. You take certain amount as down payment, give the buyer loan for the rest, and
they pay it off over time.
But all these con men, try to make this money by taking shortcuts. Now, the reason they went to take the seminar is becasue they have no money to
start with, and thus they desire to make more. Now think, are they then likely to have $150,000-$200,000 it takes to get started in real estate.
The answer is no they don't. Becuase it takes real money to buy a house, and unless you have cash, its hard to land a good deal at a discount?
Cash Talks. Then you have to have $20 - $50 thousand to renovate, and then time, resources, patience, to wait till it pays off. They have none of that.
So how come they advertise, Buy a house without credit, no banks, all that? They are taught methods to find home owners who are at risk of loosing
their home, due to them being behind on their mortgage payment. Death, Divorce, Dope, Dumb, Sickness, any number of thing can land one in that spot.
Also there are many people, who borrowed way more than what the house was worth, when bu$h had authorized cheap 100% no doc loans.
So these people are not able to get out from under the house, unless they have money to make up the difference between what they owe, and what
they will get from buyer. Many of these homes require lots of work, just think, if they weren't making payments, were they spending money on maintaining
the property, NO. Many of these peole when they get the notice from bank about a foreclosure, they move out, and the house is left vacant. Anyway,
it doesn't matter how, but these con men, take over the house, one way or the other, while without exception, it still has a loan, thus a lien against the
house by a bank that lent to the guy who use to live there. Banks do not allow people to transfer mortgage, so a home owner can't just sign over
his or her house to other person, with the existing loan, otherwise, banks will be out of business. It is also false when these con men tell you that as long
as you keep making payments in the name of other guys loan, bank won't take the hosue back. Let me tell you why. The reason the last guy who's
name the house is in no longer lives there, is becuase he was on a Teaser rate, with an adjustable, which in mortgage business means, a rate to get
you in which will adjust to market rate three to five years into the loan, so this guy got a loan at 1.25% or something like that, and when it went up to
4.25% or some, his payment jumped, and he stopped making payments. 4.25% by no means is expensive, but that guy never deserved to buy that
house to start with. Anyway, my point is, the bank is not interested in collecting 1.25% or whatever old guys mortgage is, they want to make more money
so while interest rates are going up, they are recalling all the loans. Second reason, banks can't just take back a home, why becuase after buying the
house, the guy may have taken out a loan to build a pool, who know, what all he was doing, but everytime he signed somewhere to pickup stainless steal
this or that, it could have resulted in one more lien against the house, so the foreclosure is the only legal way to wipe a title clean for the bank, thus they
will not ever transfer title to you and they must foreclose on the house in order to make it marketable again. Not only that, every payment you ever send
in on other guys name went to credit his account, you don't exist as far as bank is concerned. So regardless of what these conmen tell you, it won't
end pretty. So no matter how to state it, any which way they took over the house is is illegal, and regardless what they tell you, as soon as bank finds
out, they will take back the house through a foreclousure, if it hasn't already started the process, its just matter of time. But in the meanwhile,
these con men are looking for a buyer, so they find you, get you to pay them whatever you can and let you move into someone else's house.
There are many many things you don't know when you move in. Fast Forward, The only notice you may ever see is a RED one from sherrif's
office, 24 hrs prior to them coming over next day to forcefully move all your belonging to the curbside and empty the house for the bank.
And YES, it is possible and there is a 100% chance you will loose money in a house deal, if you deal with one of these characters that are
professionally trained to take your money. Save yourself the hassle, talk to me, I offer you a hassle free transaction.
BANK CLOSING COSTS! While I charge you $0 to offer you loan, here is what you can expect to pay a bank for the same loan on a $145,000 house
Banks make most of their money from fees. Preapproved is misleading word, it means, if you have a perfect credit, perfect job history, the house
you are buying has no problems, is worth more than what they are lending you, you got money for down payment, plus another huge chunk for closing
cost, etc etc etc, then you are preapproved for a loan. Here is the catch, before any bank can really approve your loan, they will start by having you
write checks for Credit report, Appraisal, Inspections, and survey. If they like what they see then they will send your loan officer, a list of conditions
to meet before it funds. In order for it to fund, here is list of fees buyer can expect to pay that are usually listed on a closing statement,
otherwise known as HUD1, Try Adding Them.
Credit Report Fee $25
Appraisal Fee $350-600
Home Inspection Fee $350-500
Roof Inspection $175
Termite Inspection $150
Foundation - Structural Inspection $200
Structural Engineer's Report $250
Survey $600 >After You pay cost of all above, banks can say SORRY, Doesn't Meet our Criteria, You loose that money or if it's a GO, then you also pay
Down Payment $5075 - $14,500
12 month Prepaid Home Owner's Insurance Policy $1,450
3 month Insurance Escrow (Money you pay in advance in case you lag) $362
3 month Property Taxes Escrowed (Money you pay in advance in case you lag) $900
Flood Insurance $125
Home Warranty $480
Lender's Title Policy (Buyer Pays) $977
Owner's Title Policy $175
Title Endoresments Bank Wants $150
Attorney's Doc Prep Fee $750
Escrow Fee $450
Tax Certificate Fee $50
Tax Service Fee $5
Guaranty Fee $5
Courier Fee $80
Notary Fee $80
Wiring Fee $75
Mortgage Insurance $1600 - $3000
Mortgage Fees $2900
Processing fee $500
Loan Origination Fee $1450 - $2900
Option Fee $100
HOA Fee $375
HOA Transfer Fee $100
POINTS (it's a another cost to you - 1 point means 1% of your loan amount)
That's well over $10,000 you will shell out and when you move in, your loan balance hasn't gone down by a single cent. It still starts out at price you
paid for the house, Compare that to getting an True owner finance where you skip most the cost, (except I would pay for docs drawn by an attorney)
and have every penny of your down payment be applied to reducing the remaining principal balance on your loan. This is 1st BIG reason why you
should look for True Seller finance. And remember it doesn't block you from getting a bank loan in any way. Once your owner financed loan is
seasoned (making payments on time) any bank will happily refinance you, and guess what, while REFINANCING most of the cost is paid by the bank
not the borrower, that is the 2nd BIG reason why you want to go route of True Seller Finance instead straight to bank. If you want to save money
on purchase, TRUE SELLER OR OWNER FINANCE is the way to go.
Just because you haven't saved till now, it doesn't mean you can't. I offer opportunity where you can have money deducted out of each paycheck
going towards your down payment on purchase of a house, and in about a year or less, you will be proudly sitting in your own house.
What are your choices? You can make little sacrifice now, save and invest in yourself by paying towards a down payment on a house, and in about
10 years, while paying about the same as you already pay for rent somewhere else, you'll be free of a house payment for rest of your life because
you would have paid off your house completely, and then you can go to disney world. OR
you can go to disney world today, eat out every day, get FAT, pay rent for rest of your life, and the way things are going in this country, you
probably won't collect social security, and seeing how the bankers already own the politicians, you can be sure, with one or series of those market
crashes, they will empty out your 401k or retirement savings where ever you have them invested through your employer, unless you had
invested them into something real like the down payment on your own house.
I don't know anyone who makes it easier, simple and safe as I do to own your home without perfect credit. Make a reasonable offer, I'll work with you.
You may Phone me, between 9am - 7pm any day for anything that you are still curious about, after you finish reading to the bottom of this page.
I'm fair and easy to work with, so as long as you have desire to own a house, I can help you, as long as you can afford it and willing to do what it takes.
I always look to improve my service, so I look forward to your comments. Please take a second to click here and send me your comments. Thank you